Wells Fargo (NYSE:WFC) analyst Brian Fitzgerald maintained a Buy rating on Snap (NYSE:SNAP) on Tuesday, setting a price target of $95, which is approximately 25.33% above the present share price of $75.8.
Fitzgerald expects Snap to post earnings per share (EPS) of -$0.10 for the fourth quarter of 2021.
The current consensus among 34 TipRanks analysts is for a Strong Buy rating of shares in Snap, with an average price target of $88.23.
The analysts price targets range from a high of $111 to a low of $67.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $982.11 million and a net profit of -$192.51 million. The company's market cap is $119.85 billion.
According to TipRanks.com, Wells Fargo analyst Brian Fitzgerald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.4% and a 73.73% success rate.
Founded in 2010 and based in California, Snap, Inc. is a social media company and provides a camera platform in the U.S. and internationally. It has developed many technological products and services including Snapchat, which uses the camera and editing tools to take and share Snaps; Bitmojis, which are personal emojis; Spectacles, which are wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company's primary source of revenue is advertising.